The text of the regulation on information accompanying the transfer of crypto funds – the so-called Travel Rule – has recently been approved by the European Parliament. This will include crypto assets (Transfer of Funds Regulation). The measure is part of the EU’s anti-money laundering package and, together with the regulation on cryptoassets (MiCA), is intended to complete the regulatory framework applicable to cryptocurrency-related services. The regulation aims to ensure that the transfer of crypto-assets can be tracked and therefore suspicious transactions can be blocked by operators, thereby reducing the risk of money laundering or terrorist financing. To achieve this
Several amendments within the EU’s Transfer of Funds Regulation are taking aim at the way crypto transactions from so called “unhosted wallets” are handled Policymakers are also proposing that for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…